Bitcoin again found strong demand in the $ 45.6k range. Monday’s lows and highs were noted, and Bitcoin quickly climbed off those lows, dragging altcoins with it. XRP and Decentraland have seen gains in the last few hours, trading near important levels of previous resistance that needed to be turned. Dogecoin continued to trade sideways.
XRP looked healthy on the hourly chart. It surged above the $ 0.889 resistance level, an area where XRP has been under selling pressure for the past few days. The levels depicted are higher timeframe levels so retesting the $ 0.87 pocket could be used as a buying opportunity targeting $ 0.92 and $ 0.95 respectively.
the Aroon ad showed an uptrend on the hourly chart, and the MACD formed a bullish crossover above zero line, further reinforcing the idea of bullish momentum behind the rally of XRP from the $ 0.83 level.
Decentralized country [MANA]
MANA formed a descending wedge pattern and appeared to break out a few days ago, but only managed to advance to $ 3.6 before being rejected.
Other than the wedge pattern, we’ve seen a range between $ 3 and $ 3.6 for MANA over the past week. Between the two highlighted pockets, $ 3.26 worked as a notable level.
the RSI has not yet broken the short-term trendline and made a higher high. the OBV also on the rise, showing a buy and sell action in line with the price range that has recently formed.
A bullish bitcoin could mean that MANA is likely to hit $ 3.6 in the coming days. Flipping the $ 3.6 region on demand can be viewed as a breakout of the range.
News that Tesla goods can be purchased with Dogecoin resulted in DOGE pumping nearly 40% in two hours last week. However, it has been in retracement since then. It climbed back above the 78.6% retracement level at $ 0.1662 and retested for support in the past few hours, but the trading volume was not exceptional.
The price was near the top Bollinger band and over the 21 and 55 periods Upper school. Although the price was above these two moving averages, the SMAs themselves did not yet form a crossover. the Directional Movement Index showed a strong uptrend after DOGE rebounded from $ 0.1612.